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2221 Fulton St
Houston, TX 77009
WALGREENS · Retail Property For Sale
Investment Highlights
- New Village Medical In-Store Clinic: Walgreens recently added Village Medical, an in-store clinic that offers full-service primary care practices
- Strong Demographics: Positioned in a highly populated area with more than 413,000 people in a 5-mile radius
- Essential Retailer: Amidst the global pandemic, Walgreens was deemed an essential retailer and has continued to provide valuable goods and services
- Credit Tenant: Walgreens offers a Corporate Guaranty with an Investment Grade BBB credit rating by Standard & Poor’s and a market cap of ±$40B
- Income Tax Free State: Subject property is in the state of Texas which offers no state income tax
- Passive Absolute NNN Lease: Zero landlord responsibilities providing for a passive investment
Property Facts
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,650 SF
Building Class
B
Year Built/Renovated
2008/2021
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
1.12 AC
Parking
62 Spaces (4.54 Spaces per 1,000 SF Leased)
Frontage
187’ on Fulton St
Amenities
- Pylon Sign
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 1307670010001 | Improvements Assessment | $2,034,443 |
| Land Assessment | $1,702,995 | Total Assessment | $3,737,438 |
Property Taxes
Parcel Number
1307670010001
Land Assessment
$1,702,995
Improvements Assessment
$2,034,443
Total Assessment
$3,737,438
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